Reporting Segments (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Results of Reporting Segments

The following table presents the earnings contributions and certain average balances of Northern Trust’s reporting segments for the three month periods ended March 31, 2026 and 2025.

TABLE 51: RESULTS OF REPORTING SEGMENTS


($ In Millions)	ASSET SERVICING						WEALTH MANAGEMENT						OTHER						TOTAL CONSOLIDATED
THREE MONTHS ENDED MARCH 31,	2026			2025			2026			2025			2026			2025			2026			2025
Noninterest Income
Trust, Investment and Other Servicing Fees	$	740.5		$	671.9		$	600.9		$	541.9		$	—		$	—		$	1,341.4		$	1,213.8
Foreign Exchange Trading Income (Loss)	90.9			63.9			(3.2)			(5.2)			—			—			87.7			58.7
Other Noninterest Income (Expense)	84.9			68.6			33.8			33.5			3.8			(2.7)			122.5			99.4
Total Noninterest Income (Expense)	916.3			804.4			631.5			570.2			3.8			(2.7)			1,551.6			1,371.9
Net Interest Income (Expense)(1)	401.7			323.7			259.5			250.1			(7.2)			(5.7)			654.0			568.1
Revenue(1)	1,318.0			1,128.1			891.0			820.3			(3.4)			(8.4)			2,205.6			1,940.0
Provision for Credit Losses	(2.3)			2.1			1.6			(0.9)			(2.3)			(0.2)			(3.0)			1.0
Noninterest Expense
Compensation and Benefits	107.5			111.2			177.3			171.7			537.4			471.2			822.2			754.1
Outside Services	29.8			46.7			11.0			14.3			195.9			184.2			236.7			245.2
Allocated Expense	788.0			710.3			350.9			308.6			(1,138.9)			(1,018.9)			—			—
Other Segment Items(2)	21.7			22.3			20.0			22.5			407.4			373.5			449.1			418.3
Total Noninterest Expense	947.0			890.5			559.2			517.1			1.8			10.0			1,508.0			1,417.6
Income (Loss) before Income Taxes(1)	373.3			235.5			330.2			304.1			(2.9)			(18.2)			700.6			521.4
Provision for Income Taxes(1)	83.2			50.9			82.3			74.4			9.6			4.1			175.1			129.4
Net Income (Loss)	$	290.1		$	184.6		$	247.9		$	229.7		$	(12.5)		$	(22.3)		$	525.5		$	392.0
Percentage of Consolidated Net Income	55		%	47		%	47		%	59		%	(2)		%	(6)		%	100		%	100		%
Average Assets	$	125,539.4		$	109,777.1		$	39,616.9		$	39,152.0		$	141.0		$	1,333.0		$	165,297.3		$	150,262.1
Average Loans	$	5,632.5		$	5,749.3		$	35,261.8		$	35,327.2		$	—		$	—		$	40,894.3		$	41,076.5
Average Deposits	$	102,421.0		$	89,296.5		$	26,469.8		$	25,289.6		$	141.0		$	1,333.0		$	129,031.8		$	115,919.1

(1) Financial measures stated on an FTE basis. The FTE adjustment was $7.6 million and $5.6 million for the three months ended March 31, 2026 and 2025, respectively, and is eliminated within “Other” in order for “Total Consolidated” to reconcile with the Consolidated Statement of Income.

(2) Other Segment Items include Occupancy, Equipment & Software and Other Operating Expense.